GBPUSD 1H : Uptrend above 1.2216
Updated
GBPUSD
New forecast
The British pound against the dollar pair approached the pivotal support 1.2122 and rebounded upwards from there, so that the bullish trend scenario remains effective for the coming period, waiting for a break and stability above the 1.2216 level to reach 1.2270 and 1.2310 as the next main targets .
The price needs to overcome the resistance formed by the moving average 50 at 1.2216 to facilitate the task of achieving the above-mentioned goal, keeping in mind that breaking 1.2159 will stop the expected rise and put pressure on the price to turn lower, heading towards testing the 1.2122 level initially. also if price failure to stability above 1.2216 the price will drop again .
The expect range trading for today it will be between the resistance line 1.2216 and support line 1.2159.
Additionally ,Today News will affect the market .
support line : 1.2192 , 1.2159
resistance line : 1.2216 , 1.2270
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New forecast
The British pound against the dollar pair approached the pivotal support 1.2122 and rebounded upwards from there, so that the bullish trend scenario remains effective for the coming period, waiting for a break and stability above the 1.2216 level to reach 1.2270 and 1.2310 as the next main targets .
The price needs to overcome the resistance formed by the moving average 50 at 1.2216 to facilitate the task of achieving the above-mentioned goal, keeping in mind that breaking 1.2159 will stop the expected rise and put pressure on the price to turn lower, heading towards testing the 1.2122 level initially. also if price failure to stability above 1.2216 the price will drop again .
The expect range trading for today it will be between the resistance line 1.2216 and support line 1.2159.
Additionally ,Today News will affect the market .
support line : 1.2192 , 1.2159
resistance line : 1.2216 , 1.2270
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
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GBPUSDUPDATE
The price of GBPUSD cant stabilized above resistance zone and now trying to stable under resistance zone , so if can stabilized under the resistance the direction will be downtrend again and price will try to reach 1.2159 .
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